Bilateral relationship between Colombia and Peru within the framework of the Pacific Alliance

Abstract

This research aims to identify how the bilateral relationship has been between Colombia and Peru, within the framework of the Pacific Alliance. That means to analyze the politics, and achievements in the trade of goods, and services, mobility of people, and the increase in the flows of the foreign direct investment and know if this trade integration has brought advantages to the Colombo-Peruvian relationship. The methodology that is going to be used in the development of this research is the deductive method, which consists of starting from a general topic to come up with a particular topic; identifying the different projects made within the Pacific Alliance, and then, verify specifically how those initiatives can affect the bilateral relationship. As a result, there were different initiatives developed by the Pacific alliance that benefit the relationship between Colombian and Peru, because those has allowed for greater trade on both, goods and services, since the agreement’s signature. Also, it has led to a greater migration flows of both, student and businesspeople, and the bilateral foreign investment between the two nations has intensified, demonstrating that the alliance’s overall initiatives have provided different benefits to Colombia and Peru, individually and as a joint, reinforcing their bilateral relationship.